What financing options are available for purchasing a Tesla Model X 2020 Performance (AWD) in the UAE?

There are several financing options available including bank loans, dealership financing, and leasing. Each option has different terms and interest rates.

How do I apply for a car loan for a Tesla Model X in the UAE?

You can apply for a car loan through banks or financial institutions either online or in-person. You'll need to provide documents such as proof of income, residency, and identification.

Will taking a car loan affect my credit score in the UAE?

Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.

What should I be cautious about when applying for a car loan?

Be cautious about the interest rates, loan tenure, and any hidden fees. Make sure to read the terms and conditions carefully.

What factors influence the car loan interest rates in the UAE?

Factors include your credit score, loan amount, loan tenure, and the bank's policies. Economic conditions can also play a role.

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Tesla Model X 2020 Performance (AWD) Car Loan Calculator in UAE

To finance this car, you can first calculate the installment price in UAE

Monthly Payment

AED 23,528

Down Payment

AED 69,825

Total Cost

AED 352,161

Car Loan Monthly Installments Schedule

Repayment Schedule	Monthly Repayment	Remaining repayment amount
1	AED 23,528	AED 258,808
2	AED 23,528	AED 235,280
3	AED 23,528	AED 211,752
4	AED 23,528	AED 188,224
5	AED 23,528	AED 164,696
6	AED 23,528	AED 141,168
7	AED 23,528	AED 117,640
8	AED 23,528	AED 94,112
9	AED 23,528	AED 70,584
10	AED 23,528	AED 47,056
11	AED 23,528	AED 23,528
12	AED 23,528	AED 0

Monthly Payment Composition

Interest: 253

Principal: 23275

Tesla Model X 2020 Performance (AWD) Car Loan Calculator FAQs in UAE

There are several financing options available including bank loans, dealership financing, and leasing. Each option has different terms and interest rates.
You can apply for a car loan through banks or financial institutions either online or in-person. You'll need to provide documents such as proof of income, residency, and identification.
Yes, taking a car loan can affect your credit score. Timely payments can improve your score, while missed payments can lower it.
Be cautious about the interest rates, loan tenure, and any hidden fees. Make sure to read the terms and conditions carefully.
Factors include your credit score, loan amount, loan tenure, and the bank's policies. Economic conditions can also play a role.